by countyproperties | Jan 3, 2009 | Current Affairs, Finance, Real Estate news, Riverside foreclosure news, San Diego Foreclosure news
Mortgage rates continued tumbling, as Freddie Mac reported today that interest on 30-year loans averaged 5.14 percent this week, the lowest point since it began tracking in 1971. That was down from 5.19 percent last week, itself a new low point. A year ago, rates...
by countyproperties | Dec 26, 2008 | Finance, Real Estate news, Riverside foreclosure news, San Diego Foreclosure news
FANNIE MAE STREAMLINES MORTGAGE MODIFICATION PROGRAMSFannie Mae recently announced the Streamlined Modification Program (SMP) is now available to Fannie Mae servicers and borrowers as an option to help prevent foreclosures. The SMP enables services to change the terms...
by countyproperties | Dec 18, 2008 | Finance, Real Estate news, Riverside foreclosure news, San Diego Foreclosure news
FANNIE MAE STREAMLINED MODIFICATION PROGRAM ANNOUNCED Fannie Mae announced a series of actions designed to help borrowers and loan servicers address potential mortgage problems and prevent unnecessary home foreclosures among the more than 18 million single-family...
by countyproperties | Dec 18, 2008 | Finance, Real Estate news, Riverside foreclosure news, San Diego Foreclosure news
In what analysts characterized as a symbolic move, the Federal Reserve yesterday established a target range for the federal funds rate of 0 percent to .25 percent, and said it was committed to expanding its purchases of mortgage-backed securities.”The Federal...
by countyproperties | Dec 13, 2008 | Current Affairs, Finance, Real Estate news, Riverside foreclosure news, San Diego Foreclosure news
Lower mortgage rates and increased affordability is presenting an opportune time for home buyers, especially first-time home buyers, who continue to have the advantage and ability to move quickly on a home purchase without having to first sell their current home....
